Nexia Reports Revenue of $3.4M and $1.1M For Nine and Three
Months Ended September 30
Salt Lake City, Utah: December 12, 2014 – Nexia
Holdings, Inc. (PINKSHEETS:
NXHD), parent company of Green Endeavors, Inc. (PINKSHEETS:
GRNE), has filed with OTCMarkets its quarterly report for the
three and nine months ended September 30, 2014 and 2013.
Nexia is reporting revenue of $1,105,068 in the third quarter of
2014, a decrease of $54,641 or 4.7% less than the third quarter of
2013. For the nine months ended September 30, 2014, revenue was
reported to be $3,428,588, an increase of $24,492 or 0.72% more
than the first nine months of 2013.
The report also includes the following information:
• For the nine
months ended September 30, 2014, net income was $725,833; up from a
loss of $156,000 for the comparable period in 2013. Net loss for
the quarter was reported at $348,918.
• The revenue
numbers reflect the continuing performance of the Landis Lifestyle
Salons that operate under Green Endeavors, Inc.
• The Company’s
holdings in the entertainment industry, including the events held
during the fourth quarter by Lantern Fest http://www.thelanternfest.com and the third quarter by
Slide the City™ http://www.slidethecity.com, show
great promise for potentially 100's of events in 2015 via
franchisees and directly by Slide the City, LLC.
• Film related
revenue for the quarter was $87,512 reflecting less activity during
the third quarter, for the nine months ended September 30, 2014
film related revenue was $559,791.
Richard Surber, CEO of Nexia Holdings, Inc.,
commented, "Third quarter reflects substantial investment in
worldwide trademark efforts, franchising, creating replicable
systems, hiring and training, and scouting for additional salon
locations. NXHD is set for record growth in 2015.
I am very bullish on 2015."
About Nexia Holdings, Inc.:
Nexia Holdings, Inc. (PINKSHEETS:
NXHD), headquartered in Salt Lake City, Utah, is a diversified
holdings company with operations in entertainment, health &
beauty, and real estate. Nexia owns a majority interest in Green
Endeavors, Inc. (PINKSHEET:
GRNE), www.green-endeavors.com, which operates Landis
Salons, Inc., Landis Salons II, Inc., and Landis Experience Center,
LLC, www.landissalon.com, hair salons and hair product
retail outlets built around the world-class AVEDA™ product line.
Through WG Productions Company and Redline Entertainment, Inc.,
Nexia produces and distributes independent films for its own
account and third parties. Learn more at www.nexiaholdings.com.
Nexia strongly encourages the public to read the above
information in conjunction with its reports filed at www.otcmarkets.com. Nexia will require a
significant influx of capital in order to effectively execute upon
its various operational plans. The actual results that Nexia may
achieve could differ materially from any forward-looking statements
due to such risks and uncertainties. Investors should not
invest more than they can afford to lose in penny stocks.
Nexia Holdings, Inc.